Qorvo announces $1bn share repurchase program

Qorvo Inc of Greensboro, NC, USA (which provides core technologies and RF solutions for mobile, infrastructure and defense applications) says that its board of directors has authorized the repurchase of up to $1bn of its outstanding common stock. The new repurchase program includes about $126m authorized under a prior program.

Share repurchases will be made in accordance with applicable securities laws on the open market or in privately negotiated transactions. The extent to which the firm repurchases its shares, the number of shares and the timing of any repurchases will depend on general market conditions, regulatory requirements, alternative investment opportunities and other considerations.

The program does not require the firm to repurchase a minimum number of shares and does not have a fixed term, and it may be modified, suspended or terminated at any time without prior notice.

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